Opening a new business in Australia requires a checklist of all the things you need to do and process before you can even start. Seasoned business owners know that finding a strategically located commercial property to lease or rent is a top priority. For the newbies, here’s a guide to accomplishing everything before you can operate your new venture:
Sole, partnership, or corporation?
Think about your business structure. Are you going solo? Do you have a partner? Or, are you a group of people working together to form a business?
There are different regulations and governing offices that can accommodate to whatever business structure you choose, so it’s best to make these decisions ahead and prepare the necessary documents you need to submit for business registration.
Apply for an Australian Business Number
You can’t operate without a business name, so you need to apply for an Australian Business Number (ABN) first and then register your name. You can apply for both separately, but it is easier if you do it at once and online.
Find a commercial space
As mentioned, it is important to find an establishment that will house your operations. With that said, try finding and choosing a commercial real estate rental place that is located in the business district, but is not too far from residential zones. Remember, people living nearby are potential customers.
Real estate companies, like Henzells Agency, can provide you with a list of commercial real estate for sale Sunshine Coast QLD has to offer that you might want to check out. Just go to their website and use the search tool.
Plan your marketing efforts
Once you are registered and have already chosen an establishment from one of the commercial rental properties in your area, you need to start thinking about marketing strategies.
How do you market your business? How do you plan to spread the word about your products or services? Are you going traditional or digital?
A good strategy needs to be planned well and early. So, as soon as you have everything else in place, come up with marketing plans that will effectively put your brand out there.
Pick the right people
Just like choosing a commercial property for business, picking the right individuals should be done meticulously.
How many employees does your business require to run? What skills are you looking for?
When hiring staff, come up with a list of both general and specific requirements so you can assess them properly.
For new businesses, an experienced individual can prove to be of help in the operations. But, this person comes with a high price, which you probably can’t afford just yet. On the other hand, a fresh graduate, though inexperienced, has a low hourly rate, so you might want to consider them. Weigh your options and go for what’s best for you and your business.
Finally, come up with your own checklist before business opening. Do you have everything in place? Are your employees ready to face the day? Is everything in the commercial property working? This way, you’ll be ready to face the big day without any worries at all. For more information, visit their website at https://henzells.com.au/commercial/commercial-property-for-sale